Global Air Brake System Market Overview
The global Air Brake System market size was valued at US$ 4.96 Bn. in 2023 and is projected to reach US$ 6.91 Bn. by 2030, growing at a CAGR of 4.87% during the forecast period.
Market Overview:
A research team conducted extensive primary and secondary research for this market study. Secondary research was used to supplement existing data, segment the market, assess total market size, and predict growth rates.
For details on the methodology, please request here @: https://www.maximizemarketresearch.com/request-sample/23941/
Market Scope:
Our team at Maximize Market Research gathers market information and data from various sources to provide a realistic regional perspective. The country-level analysis includes a review of regional stakeholders, tax laws, policies, consumer behavior, and macroeconomic statistics.
Drivers:
The report covers significant restraints and drivers affecting the Air Brake System market.
Segmentation:
by Vehicle
Rigid Body
Heavy-Duty
Semi-Trailer
Bus
by Type
Disc
Drum
by Technology
ABS – (Anti-lock Braking System)
TCS – (Traction Control System)
ESC – (Electronic Stability Program or Electronic Stability Control)
EBD – (Electronic Brake-force distribution)
by Rolling Stock & Locomotive
Air
EP – (Electro-Pneumatic)
ECP – (Electronically controlled pneumatic)
Others
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Key Players:
1. SORL Auto Parts, Inc.
2. ZF TRW Automotive Holdings Corporation
3. Wabco
4. Meritor
5. Continental AG
6. Aisin Seiki Co. Ltd.
7. Akebono Brake Industry Co. Ltd.
8. Haldex AB
9. Knorr-Bremse AG
10.Nissin Kogyo Co. Ltd.
11.Mando Corporation
12.Brembo S.P.A.
13.Federal-Mogul Holdings Corporation3
14.YUMAK Air Brake Systems
15.Airmaster Brake Systems
16.Brakes India Limited
Regional Analysis:
The country-level examination of the Air Brake System market identifies high-growth categories, countries with the largest market share, and those with high development potential. The regional breakdown includes:
- North America (USA, Canada)
- South America
- Asia Pacific (China, Japan, India, Korea)
- Europe (Germany, UK, France, Italy)
- Other countries
COVID-19 Impact Analysis:
The report includes an analysis of the impact of COVID-19 on the global Air Brake System market.
Key Questions Answered:
- Which product segment had the largest share in the Air Brake System market in 2020?
- What is the projected competitive landscape of the Air Brake System market for the forecast period (2021-2027)?
- What are the key factors driving growth in the Air Brake System market?
- Which region held the maximum market share in 2020?
- What will be the CAGR of the global Air Brake System market during the forecast period (2021-2027)?
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from various industries. We cover sectors such as medical devices, pharmaceuticals, science and engineering, electronic components, industrial equipment, technology and communication, automobiles, chemical products, general merchandise, beverages, personal care, and automated systems. Our services include market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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